Food Network Canada

Individual Discretionary and On-Demand Services - Statistical and Financial Summaries 2012-2016

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305423329 Food Network Canada Food Network Canada Inc. Corus Entertainment Inc.                                    Specialty (category A service) 2016
Revenue ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Residential/bulk/smatv subscriber revenue 9,295,403 11,120,018 19.63 12,085,532 8.68 12,795,299 5.87 13,321,815 4.11 9.4
DTH subscriber revenue 3,058,305 3,799,301 24.23 4,354,575 14.62 4,552,395 4.54 5,017,552 10.22 13.2
Local advertising revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
National advertising revenue 47,399,014 51,438,544 8.52 52,666,823 2.39 49,782,982 -5.48 47,576,246 -4.43 0.1
Other revenue 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Revenue 59,752,722 66,357,863 11.05 69,106,930 4.14 67,130,676 -2.86 65,915,613 -1.81 2.5
Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Programming and Production 23,719,101 25,383,819 7.02 25,129,033 -1.00 28,126,806 11.93 28,798,300 2.39 5.0
Technical 701,293 677,103 -3.45 1,044,606 54.28 1,343,520 28.61 1,593,995 18.64 22.8
Sales and Promotion 2,076,056 1,582,132 -23.79 1,880,423 18.85 2,325,803 23.69 1,180,747 -49.23 -13.2
Administration and General 3,484,352 3,221,817 -7.53 3,679,336 14.20 5,313,473 44.41 5,045,929 -5.04 9.7
Total Expenses 29,980,802 30,864,871 2.95 31,733,398 2.81 37,109,602 16.94 36,618,971 -1.32 5.1
Performance ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Income 29,771,920 35,492,992 - 37,373,532 - 30,021,074 - 29,296,642 - -
Depreciation 257,155 172,123 -33.07 189,572 10.14 98,098 -48.25 90,995 -7.24 -22.9
P.B.I.T. 29,514,765 35,320,869 - 37,183,960 - 29,922,976 - 29,205,647 - -
Interest Expense 3,318 18,863 468.51 -28,182 -249.40 -29,744 5.54 335,447 >999± -
Adjustments - Gain (Loss) 0 0 n/a 0 n/a 0 n/a 0 n/a -
Pre-tax Profit 29,511,447 35,302,006 - 37,212,142 - 29,952,720 - 28,870,200 - -
Canadian Programming Expenses ($)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Acquisition of rights 18,219,555 19,934,970 9.42 19,805,637 -0.65 20,735,876 4.70 19,006,831 -8.34 1.1
Script & concept 114,474 52,500 -54.14 100,000 90.48 73,000 -27.00 548,566 651.46 48.0
Filler Programming + Program Production 1,827,801 1,938,155 6.04 1,563,403 -19.34 1,321,468 -15.47 1,292,399 -2.20 -8.3
Investment in Programming 0 0 n/a 0 n/a 0 n/a 0 n/a n/a
Total Canadian Programming 20,161,830 21,925,625 8.75 21,469,040 -2.08 22,130,344 3.08 20,847,796 -5.80 0.8
Canadian Programming/Revenue (%) 33.74 33.04 - 31.07 - 32.97 - 31.63 - -
Staff
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Total Remuneration ($) 2,974,490 3,006,310 1.07 3,226,075 7.31 3,334,880 3.37 3,616,470 8.44 5.0
Total Staff Count 35 34 -2.86 36 5.88 36 0.00 38 5.56 -
Average Remuneration ($) 84,985 88,421 4.04 89,613 1.35 92,636 3.37 95,170 2.74 2.9
Subscribers
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
7,368,691 7,539,371 2.32 6,201,097 -17.75 6,032,667 -2.72 5,784,870 -4.11 -5.9
Profitability (%)
2012 2013 Var % 2014 Var % 2015 Var % 2016 Var % CAGR (%)
Operating Margin 49.8 53.5 - 54.1 - 44.7 - 44.4 - -
P.B.I.T. Margin 49.4 53.2 - 53.8 - 44.6 - 44.3 - -
Pre-tax Margin 49.4 53.2 - 53.8 - 44.6 - 43.8 - -

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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